MichaelCalia

Same-store sales grew 7.6% in the period ended May 3, as the sporting-apparel retailer continued to enjoy high demand even as other companies, particularly in the retail sector, have blamed harsh winter weather for weak results during the first months of the year.

"We are off to a great start in 2014, with our first-quarter results representing the highest quarterly sales and profits in our history as an athletic company--for the third consecutive year," Chairman and Chief Executive Ken C. Hicks said in a release.

Overall, Foot Locker posted earnings of $162 million, or $1.10 a share, up from $138 million, or 90 cents a share, a year earlier. Excluding certain items, per-share profit rose to $1.11 from 91 cents.

Sales improved 14% to $1.87 billion.

Analysts surveyed by Thomson Reuters had expected earnings of $1.06 a share and revenue of $1.79 billion.

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